The following table shows how apple output changes as additional apple pickers are hired.Calculate marginal physical product,total revenue,and marginal revenue product.The price of apples is $4 per basket.
Table 8.1-Apple Production 
-In Table 8.1,what is the marginal physical product of the 3rd apple picker?
Definitions:
Market Price
The price at which an asset or service can be bought or sold in the market.
Dividends
Payments made to shareholders out of a corporation's earnings, typically on a regular basis.
Common Stock
A type of equity security that represents ownership in a corporation, with voting rights and potential dividends.
Acid-Test Ratio
A stringent indicator of a company's short-term liquidity, calculated by dividing current assets excluding inventory by current liabilities.
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